Q:
AFN equations

Clayton Industries is planning its operations for next year. Ronnie Clayton, the CEO, wants you to forecast the firm's additional funds needed (AFN). Data for use in your forecast are shown below. Based on the AFN equation, what is the AFN for the coming year? Dollars are in millions.

1. Falcon Toot Industries is planning its operations for next year , and Robbie Starksdale, the CEO , wants you to forecast the firm's External...

Solution Preview :
AFN = 1950/3000*.08*3000-210/3000*.08*3000-3000*1.08*.01003*.6 = 156-16.8-19.50 = 119.70 Assumption All assets are related to sales as the company is working at 100% capacity. Notes payable...